"TRADING IDEA FOR TUESDAY (05.06.2012)"

A hint from RBI for probably interest rate cut made Nifty to cover all of its loss and push Nifty above 4800 and finally, it closed at 4848.15, with a marginal gain of 6.55 points. For today, WATCH 4850 CAREFULLY. IF ABLE TO CROSS WITH VOLUME, NIFTY MAY MOVE TOWARDS 4865/4870/4884 AND EVEN 4900 WHEREAS ON THE DOWNSIDE, NIFTY MAY HIT 4830/4814/4800/4770. TREND IS DOWN STILL NIFTY TRADES BELOW 4950 AND 4970.

From options data,,highest options base has been shifted to 4500 & 4900 put and 5000 & 5100 calls. As of now, for June series, 4760/4800 may act as supportand 4970/5000 may act as resistance. THOSE WHO INTERESTED, MAY ACCUMULATE BHEL, TCS, SBI, JPASSOCIATES, BHARATI AIRTEL, L&T ETC. FOR LONG TERM IN CASH SEGMENT.